Boutique law firms are increasingly offering associate bonuses that match or exceed the market rates established by larger firms, indicating a shift in compensation dynamics.
Susman Godfrey has set a new benchmark for bonuses, offering median payouts of $110,000 to $220,000, significantly higher than the industry standard.
Midsize firm Boies Schiller Flexner has introduced a bonus structure that has resulted in 'multiple associates' receiving $1 million or more, showcasing the innovative approaches of such firms.
Market rates for year-end bonuses range from $15,000 to $115,000, but the recent trend of boutique firms offering above-market bonuses disrupts traditional compensation frameworks in legal industry.
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